24/7 crypto news, cryptocurrency meaning, guides, learning, #cryptohelpschildren

Billionaire Orlando Bravo invested in BTC. Institutions are just beginning

2 min read


Orlando Bravo, the first native of Puerto Rico to make the Forbes list of the 400 richest people in the world in 2019, is another confirmed “Bitcoiner”. He admitted this during a CNBC Delivering conference.

Co-founder and managing partner of the company Thoma Bravo, which specializes in software solutions and various technology services, has admitted that it has BTC in its investment portfolio and expects the price of the most famous cryptocurrency to rise significantly in the coming years. The reason is the fact that only now are the first institutions beginning to be interested in it and their number will gradually grow significantly.

Orlando Bravo: Institutions are just beginning

“How could you not love cryptocurrencies? ”He asked during the interview. “Cryptocurrencies are an amazing system. They are frictionless. They are decentralized. And younger people want their own financial system. That’s why they stay here. “ he added.

“Basic blockchain technology, regardless of the protocol or system on which it is built, can be very powerful and sometimes provides better use cases than data-based software.” carried on.

His company recently participated in the second round of financing of the FTX exchange, and as for himself, he also invested in BTC. “It was quite simple for me. In the future, more people will use cryptocurrencies than today and they will gain more ground. Institutions are just starting to go to BTC, and once that happens, I think its price will increase significantly over the years. I’m very bullish in this, “ he added.

Bravo also sees a huge opportunity to invest in cyber security companies. He believes that the valuation of these companies in the software sector is “reasonable”. “It’s not just a threat of hacking. In many cases, it is computer security that prevents enterprise customers from moving faster to digital transformation. ” stated.

He is an influential man

“This should be getting more attention. Certainly one of the most impt figures to go public on BTC. What Paul Tudor Jones is to traders, Bravo and his firm are to private equity. Very influential. These remarks will spur even more investment in the sector “ commented  the statement of Bravo Twitter channel MacroScope, which closely monitors the activity of institutional investors in the field of cryptocurrencies.

Start of end of ETH mining: ETH introduces EIP-3554

Leave a Reply

Your email address will not be published.